When you trust a financial professional to handle your money and assist you with sound financial decisions, you expect them to follow industry standards and put your interests first. No matter your financial goals, it goes without saying that your financial professional is there to give you peace of mind for the future. However, if you've discovered that you've been suffering losses due to the negligence or misconduct of a broker or investment adviser, you may have options.
Most new account agreements with financial professionals have a clause or language that states any disputes or misconduct allegations against the firm or individual can only be brought through the FINRA (Financial Industry Regulation Authority) arbitration forum.
If your investment agreement does not contain an arbitration clause, you may be eligible to pursue court proceedings. If you are unsure about how to go about recovering your losses, consult an experienced investment and securities fraud lawyer for assistance in making an informed decision. Read on to learn more about why FINRA arbitration is more beneficial to resolve investment misconduct disputes.
Even if you do not have an arbitration clause, you may want to choose arbitration to settle your dispute due to the following advantages:
Suffering financial losses after working hard to ensure a stable financial future can be devastating — and when losses are due to your broker's or investment adviser's negligence, it can make it that much more of a scary and stressful experience. Know that you are not alone, and help is available. You may be eligible to recover damages through FINRA arbitration. Our highly experienced investment misconduct attorneys are here to hold financial institutions and brokers accountable for harmful acts that cost our clients their hard-earned savings and investments.